Falken Industries Ltd 3Q Reports Record Revenues for 3Q
November 07 2011 - 10:30AM
Marketwired
Falken Industries Ltd (OTCBB:FLKI)
Operating Revenues for this international leader in the industry
soared for the 3Q notwithstanding continuing heavy research and
development and promotional support for a fast expanding global
distribution network.
"FLKI continues to buck the trend, refusing a policy of
pass-along price increases and holds its uncontested leadership
with retailers and distributors for important price stability" said
Manuel Garcia, communications officer. Net operating margins have
held firmly notwithstanding heavy promotional expense for all of
2011.
Much of the reported success of the company lies with its noted
procurement and purchasing efficiencies which have hedged its raw
material cost up to three years, given it substantial cost
advantages over its competitors.
Sales are projected to increase by more than 20% for the 4Q
bested by significant further increases in global market share
because FLKI product concepts have been filling the voids created
by over-priced and over extended competitors.
About Falken Industries Ltd :
Falken Industries Ltd (OTCBB:FLKI) is a diversified industrial
conglomerate that operates in Chemicals, Wet Wipe and Biodegradable
Technology. Falken Industries Ltd is the concept behind more than
160 products distributed through a network of global platforms and
the recipient of trade awards for innovations, biodegradability and
environmental and health quality standards.
SAFE HARBOR STATEMENT: This news release contains
"forward-looking statements" made pursuant to the safe harbor
provisions of the 1995 Private Securities Litigation Reform Act.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"future," "plan" or "planned," "will" or "should," "expected,"
"anticipates," "draft," "eventually" or "projected." Such
statements are subject to risks and uncertainties that could cause
future circumstances, events, or results to differ materially from
those projected in the forward-looking statements, including the
risks that our products may not achieve customer acceptance or
perform as intended, that we may be unable to obtain necessary
financing to continue operations and development, and other risks.
You should consider these factors in evaluating the forward-looking
statements included herein, and not place undue reliance on such
statements.
Contacts: Falken Industries Ltd Manuel Garcia Communications
Officer +1609 357 0316mgarciafaure@falkenltd.com
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